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By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks advanced on Friday as the Thanksgiving break in the United States helped slow a relentless surge in the dollar that has sucked capital out of most emerging markets. The respite for Asian assets may be short-lived, however, with U.S. Treasury yields resuming their climb after the holiday as investors bet that President-elect Trump will adopt policies that increase spending […]

If there are political similarities in the impulses that led the UK to vote for an exit from the EU and the US for Donald Trump, the market reaction to Wednesday’s collection of British tax and spending measures illustrated the economic differences between the two countries. While Trumponomics has fast become shorthand for a promised programme of tax cuts and infrastructure incentives that could rival the actions […]

By Stanley Carvalho and Agnieszka Flak | ABU DHABI/MILAN ABU DHABI/MILAN Alitalia could cut up to 2,000 jobs as controlling shareholder Etihad Airways pushes for sweeping changes to turn the loss-making airline around, according to sources close to the matter. The Italian carrier may also ground at least 20 planes to cut certain unprofitable routes on domestic and regional services where it is struggling to compete with […]

|ARABIAN POST SPECIAL|By K Raveendran| As predicted, Emaar chairman Mohammed Alabbar’s foray into e-commerce has already started creating waves in the regional and global online retailing market. In an apparent move to retain its clout, global e-commerce leader Amazon.com is reportedly in talks to acquire Dubai-based online retailer Souq.com. Amazon is reportedly considering a bid for all of souq.com, which had initially planned to sell a minority stake. […]

The relentless rise of the dollar scorched emerging market currencies on Thursday, sending China’s renminbi to its weakest level in eight years, while India’s rupee plumbed a record low. Broad currency weakness against the dollar came as the bond market fully expects policy tightening by the Federal Reserve at its December meeting. Investors are also looking to next year and trying to gauge the extent of further […]

  Students from Stanford University have created a project they call “Shazam for Mosquitoes.” The team suggests that our smartphones can record mosquito wing beats and distinguish one type of mosquito from another. Shazam for Mosquitoes was done in an attempt to fight the Zika virus. The project would also record the mosquitoes into a distribution map that could work worldwide and in real-time. Fighting The Zika […]

While most global equity markets were subdued due to the US Thaksgiving holiday, the FX world was very busy overnight, marked by the relentless dollar surge on expectations of a rate hike not only in December but further in 2017, sending Asian currencies to the weakest level in 7 years: the Bloomberg-JPMorgan Asia Dollar Index reached 103.32, the lowest level since March 2009. The regional FX plunge […]

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A think tank has called on global leaders to introduce new powers to recover stolen assets from Middle Eastern dictators. A report by Transparency International claims that a $12 million residential property in London owned by the son of deceased Libyan dictator Muammar Gaddafi is the only illicit asset recovered by UK authorities from corrupt Arab regimes. The report specifically investigates the UK’s role in recovering stolen […]

China has become the first country to receive more than 1m patent applications in a single year — a record the World Intellectual Property Organisation said reflected “extraordinary” levels of innovation in the world’s most populous nation.  “[The Chinese] are making innovation a central part of their economic strategy,” Francis Gurry, director-general of the UN agency, said at a briefing in Geneva.  While sceptics have long argued […]

November 24, 2016 by: Jamie Chisholm, Global Markets Commentator Thursday 08:30 GMT. European equity markets are trading cautiously in the wake of solid US data that bolstered the case for a near-term rate rise from the Federal Reserve and which has triggered another bout of dollar strength. The rampant buck is battering many emerging market currencies and leaves gold down $5 to $1,182.5 an ounce, the metal’s […]

Kuwait, 24 November 2016 The General Authority for Regulating the Telecommunications Sector (TRA) has won today the informatics award in the government sector category, one of the categories of Salem Al-Ali Al-Sabah Informatics Awards in its sixth 16th session. The results were announced today at a special ceremony held under the patronage of H.H. Sabah Al-Ahmad Al-Jaber Al-Sabah, Amir of Kuwait in Bayan Al Amer Palace in […]

Google offered a “Popular Times” feature on its Google Maps app last year to allow users to assess how busy an establishment would be at specific times of the week or day according to past history. Last year, Google introduced a new Google Search feature showing users when a bar, restaurant, retailer store or any other location was the busiest and most popular. When Is The Best […]

By Shinichi Saoshiro | TOKYO TOKYO Most Asian stock markets fell on Thursday as upbeat economic data strengthened the prospect for higher U.S. interest rates, while the dollar’s bull run continued with U.S. bond yields propelled to multi-year highs. Japanese stocks swam against the tide and rose to a near 11-month high as the yen weakened. Spreadbetters saw a mixed opening for European stocks, forecasting a slightly […]

November 24, 2016 by: Yuan Yang in Beijing and Peter Wells in Hong Kong Ctrip International has agreed to pay £1.4bn ($1.7bn) for Skyscanner, the Scottish airfare comparison website, in move that will help the Chinese online travel group target the country’s booming outbound tourism industry. Some 120m Chinese tourists went abroad last year — more than double the number of 2010, according to the China Tourism Research […]

Submitted by Brandon Smith via Alt-Market.com, As I noted in my last article World Suffers From Trump Shellshock – Here’s What Happens Next, there are two primary consequences of a Trump presidency that actually serve globalists and elites in the long run. The first is the consequence of a perfect scapegoat for the economic crisis which the elites have been gestating since 2008.  Trump enters the White […]

|AN ARABIAN POST SPECIAL| A little or lesser known DIFC company floated by a few Indians is caught up in a controversy involving a big ticket acquisition worth billions of dollars. The acquisition bidder claims that the bid for a major gaming company was made on the basis of funding commitment by the DIFC company, which however denies any connection with the bid. The controversy relates to […]

So Brexit was not a historical accident after all. The Trump victory seals it. A complacent, mainly urban liberal class, has been undone by a revolt. Nationalists are in charge of Washington and London now. These “strongmen” and “strongwomen” will control borders, restrict the movement of labour and subject cross-border M&A to ever tighter public scrutiny tests. Security will come first. The twin freedoms of capital and […]

By Henning Gloystein | SINGAPORE SINGAPORE Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity due to the U.S. Thanksgiving holiday kept traders from making big new bets on markets. International Brent crude oil futures LCOc1 were trading at $49.00 at 0403 GMT, up 5 cents from their last close. U.S. West Texas Intermediate (WTI) crude […]

Dubai tabloid newspaper 7Days is set to shut down by the end of December as a result of severe advertising cuts. Owners 7Days Media said the entire news operation, including the website, will close on December 31, with the last newspaper issue being printed on December 22. It is understood that about 120 jobs will be lost. In September, the newspaper announced that it would be publishing […]

|By Arabian Post Staff| Emarat Dzayer Group, a Dubai-based diversified business conglomerate, and Groupe Imetal, a Government of Algeria undertaking, has signed an agreement to develop a US$1.6 billion (Dh5.87 billion) steel plant in Algeria’s Annaba Province. The agreement was signed on Tuesday in Algeria, on the sidelines of the Algerian-Emirati Investment Forum in the presence of Abdel Malek Sellal, Prime Minister of Algeria, Sheikh Mansour Bin Zayed […]

Russia has conducted successful intercontinental ballistic missile tests intended for its Barguzin “nuclear-train” program.  The tests for Russia’s “railway-based combat rocket system” took place on Plesetsk cosmodrone two weeks ago, Interfax reports and were “fully successful” according to a military source, which would “pave the way for further flight tests.” The tests were held to test the missiles’ launch readiness, Russian press added.  A BZhRK with a […]

With a number of iconic infrastructure projects in the pipeline for the GCC, innovation remains the focus for the region’s infrastructure and heavy industry Dubai, UAE, 23 November 2016 As the GCC gears up for multi-billion dollar infrastructure initiatives such as Dubai Expo 2020 and the FIFA World Cup 2022 in Qatar, the region’s infrastructure and heavy machinery industry has turned its focus towards exciting new sustainable […]

The US government bond market suffered a renewed sell-off and the dollar powered to a fresh 13-year high on Wednesday, as stronger economic data bolstered the case for an interest-rate increase and reinforced the view that the multi-decade bond bull market has reached a turning point. The Republican sweep of the White House and Congress, coupled with president-elect Donald Trump’s promise to unleash a $1tn economic stimulus […]

Dubai, 23 November  Today, The Big 5 2016’s Gaia Awards elected SageGlass as the most innovative product in the Middle East, which will help moving towards a more sustainable built environment. SageGlass is an electronically tintable, dynamic glass that prevents heat and glare, increases occupants’ comfort, optimizes daylight while maintaining the view to the outdoor. Awarded by a panel of industry experts headed by Dr. Alaa K. […]

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